Boston Retirement System is looking to commit about $15 million to a closed-end secondaries private equity fund.
NEPC, investment consultant to the $6.6 billion defined benefit pension fund, is assisting with the search.
Preference will be given to managers that have raised at least one prior secondaries fund and be raising at least $300 million for the proposed fund. The final close date of the proposed fund must be no earlier than Jan. 31, 2022.
The system has an allocation of 9% to private equity and private debt as of June 30, according to a report posted on its website.
The RFP is available on NEPC's website. Proposals are due by 2 p.m. EDT on Oct. 9. A selection date was not disclosed.
John Kelly, investment analyst for the plan, could not be immediately reached for comment.